WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK>
<NAME> FRANK RUSSELL INVESTMENT COMPANY
<SERIES>
<NUMBER> 7
<NAME> MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 10 MONTHS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 1743377
<INVESTMENTS-AT-VALUE> 1743377
<RECEIVABLES> 13769
<ASSETS-OTHER> 1007
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1758153
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 723
<TOTAL-LIABILITIES> 723
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1757546
<SHARES-COMMON-STOCK> 1757545
<SHARES-COMMON-PRIOR> 2026739
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (116)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1757430
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 93770
<OTHER-INCOME> 0
<EXPENSES-NET> 2446
<NET-INVESTMENT-INCOME> 91324
<REALIZED-GAINS-CURRENT> (95)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 91229
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 91324
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17137684
<NUMBER-OF-SHARES-REDEEMED> 17445040
<SHARES-REINVESTED> 38164
<NET-CHANGE-IN-ASSETS> (269287)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (21)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2932
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4679
<AVERAGE-NET-ASSETS> 1759401
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .0519 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .0519
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .17
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>